Conti Stashes Over $3 Billion for Acquisitions

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Continental AG has at least $3.53 billion (3 billion euros) on hand for acquisitions to expand into Asian led automotive markets.

Wolfgang Schaefer, the company’s CFO, said Continental’s scope has become bigger as it has experienced “positive development,” according to an article from the Daily Mail. He said the company could make major acquisitions within the next year.

Read the source article at Tire Review